Ed Frankl

Barcelona

European Economy Reporter at Dow Jones Newswires

European economy reporter at @DowJones/@WSJ in Barcelona

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Articles

Stock Market News From June 4, 2025: Dow Falls; S&P 500 Flat; Nasdaq Rises; Trump Blames Powell After Weak ADP Jobs Report; China Trade Talks; Dollar Tree Earnings; Nvidia, Tesla, Wells Fargo, More Movers

3 days ago | barrons.com | Connor Smith |Anthony Harrup |Kirk Maltais |Ed Frankl

Oil futures give back some of this week's gains in a volatile session. The 4.3 million barrel drawdown in U.S. crude inventories was offset by bigger-than-expected increases in gasoline and diesel stocks. Aramco cut its official July selling price to Asia by 20 cents a barrel, but raised prices for Europe and the U.S., while a report that Saudi Arabia favors further large monthly OPEC+ output increases after July added downward pressure on oil.
Chicago Business Activity Barometer Retreats Unexpectedly

1 week ago | tradingview.com | Ed Frankl

Chicago Business Activity Barometer Retreats UnexpectedlyBusiness activity in the Chicago area contracted at a faster pace this month, as trade and economic uncertainty weighed on demand and production, according to a monthly survey published Friday.
Falling Spanish Inflation Readies ECB for Rate Cut

1 week ago | wsj.com | Ed Frankl

Consumer prices in Spain were 1.9% higher in May than a year earlier, down from 2.2% in AprilPrice rises in Spain and France cooled this month, putting the European Central Bank on course to reach its inflation target and cementing expectations that it will deliver an eighth rate cut at its meeting next week.
Pending Home Sales Slump as Mortgage Prices Weigh

1 week ago | wsj.com | Ed Frankl

The pending home sales index sank 6.3% in April, more than offsetting the 5.5% rise in MarchThe number of homes going under contract in the U.S. fell sharply in April, as high mortgage prices continue to hamper the market, according to a monthly index. Here are the main takeaways from the National Association of Realtors’ report released Thursday:Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8Subscribe NowAlready a subscriber? Sign In
Germany's Jobless Numbers Tick Higher - Update

1 week ago | tradingview.com | Ed Frankl

Germany's Jobless Numbers Tick Higher — UpdateDEURGermany's unemployment numbers rose this month, as major firms intensify plans to rejig their workforces in an uncertain economic environment. Seasonally adjusted jobless claims climbed by 34,000 in May, accelerating from the 6,000 increase in April, according to data from Germany's Federal Employment Agency published Wednesday. Economists polled by The Wall Street Journal expected a smaller increase of 14,000.
Germany’s Jobless Numbers Tick Higher

1 week ago | wsj.com | Ed Frankl

The adjusted unemployment rate held at 6.3%, matching consensusGermany’s unemployment numbers rose this month, as major firms intensify plans to rejig their workforces amid an uncertain economic environment. Seasonally adjusted jobless claims climbed by 34,000, accelerating from the 6,000 of April, according to data from Germany’s Federal Employment Agency published Wednesday. Economists polled by The Wall Street Journal expected a smaller increase of 14,000.
Texas Manufacturing Contracts at Slower Pace as Uncertainty Eases - Dallas Fed

1 week ago | tradingview.com | Ed Frankl

Texas Manufacturing Contracts at Slower Pace as Uncertainty Eases — Dallas FedTexas manufacturing business activity continued to decline this month, but at a less steep pace, as firms grew more optimistic about the future as some uncertainty prompted by the Trump administration's tariff policy subsided. The Texas Manufacturing Outlook Survey's index for general business activity climbed to minus 15.3 in May, from minus 35.8 in April, the Dallas Fed said Tuesday.
U.S. Home-Price Rises Slowed in March as Mortgage Rates Still Bite

1 week ago | marketscreener.com | Ed Frankl

Published on 05/27/2025 at 09:29 By Ed Frankl U.S. home prices cooled in the U.S., as mortgage rates remained elevated and weighed on demand, despite the limited supply of homes. The S&P CoreLogic Case-Shiller National Home Price Index, which measures home prices across the country, rose 3.4% on year in March, slowing from 4.0% in February, data released Tuesday showed.
U.S. Durable Goods Orders Tumble on Lower Aircraft Demand

1 week ago | wsj.com | Ed Frankl

Total orders for goods made to last at least three years were 6.3% lower in April than in March, compared with economists’ expectations of a 7.8% dropDemand for durable goods sank in April, the month that President Trump announced his sweeping “Liberation Day” tariffs, dragged by lower aircraft orders. Total orders for goods made to last at least three years, such as automobiles, planes and electronic equipment, were 6.3% lower in April than in March, Commerce Department data said Tuesday.
U.S. Durable Goods Orders Tumble on Lower Aircraft Demand

1 week ago | in.marketscreener.com | Ed Frankl

Published on 27/05/2025 at 18:32 By Ed Frankl Demand for durable goods sank in April, the month that President Trump announced his sweeping "Liberation Day" tariffs, dragged by lower aircraft orders. Total orders for goods made to last at least three years, such as automobiles, planes and electronic equipment, were 6.3% lower in April than in March, Commerce Department data said Tuesday.